Partnerships in Care 2007 Final Results

Released 26/06/2008

Partnerships in Care (PiC), the UK’s leading independent provider of specialist mental health care and related services, announces its full year results for 2007.

Highlights

* Earnings before interest, tax, depreciation, amortisation and exceptional items.

Commenting on these results, Fred Sinclair-Brown, PiC Group Chief Executive, said today:

“PiC had an excellent year. Financially, the Group delivered EBITDA of £48.4 million - an increase of 22% - on revenues of £152.9 million.

“We also exceeded the target we had set ourselves of having 1,000 beds available by the end of the year. At the start of January 2008 we were able to offer 1,038 beds and we are well on the way to exceed our goal of 1,200 beds by the end of the year. Occupancy at our units also remains high at 87%.

“Over the course of 2007 we were able to invest over £39 million on developing and upgrading our facilities ensuring that we continued to develop patient care pathways and improve outcomes.”

Kevin Beeston, Chairman of PiC, added:

“When I joined PiC in May last year, I said I was looking forward to working with the management team to position the Group for strong growth. Much has already been achieved and we continue to gear up for the future. This year’s robust financial performance demonstrates the stability and scale of our operations which will enable us to make further investment in the business and in patient outcomes going forward.”

- ENDS -

Media enquiries:

Financial Dynamics

Ed Bridges

020 7269 7147 / 07768216607
Edward.Bridges@fd.com

Partnerships in Care

Lorna Hamblin
020 8327 1818 / 078344 96136
lhamblin@partnershipsincare.co.uk

Notes to Editors

Partnerships in Care Group is the UK’s leading independent provider of specialist mental health care and related services. For 20 years PIC has been providing specialist secure psychiatric care for patients with mental illnesses and learning disabilities. The Company is committed to delivering quality services which extend the choice and range of care and provision for its patients and purchasers. PiC also providesbrain injury rehabilitation services as well an Employee Assistance Programme, called Care First, which provides telephone and personal counselling to staff within and beyond PiC.